Live Markets: S&P 500 and Nasdaq dip, while SpaceX rallies

Space Exploration Technologies

Yesterday 21:20

Dow ends up ~0.6% while S&P 500 falls ~0.6%. Nasdaq loses >1%
Financials lead gainers; Tech weakest group
Dollar dips; bitcoin off >1%; US crude slides >5%; gold rises
US 10-year Treasury yield falls to ~4.44%
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S&P 500 AND NASDAQ DIP, WHILE SPACEX RALLIES
The S&P 500 .SPX and Nasdaq .IXIC ended lower, with losses in technology and energy stocks, while SpaceX rallied and overtook Amazon's stock market valuation.
Elon Musk's SpaceX SPCX.O jumped 4%, increasing its stock market value to $2.654 trillion, just above Amazon's AMZN.O $2.646 trillion market capitalization, according to LSEG data.
The addition of SpaceX to the Nasdaq and FTSE indexes in coming days and weeks is set to drive additional heavy demand for its shares from passive funds tracking those indexes.
AI-related chip stocks lost ground, with Nvidia NVDA.O losing 2.4% and Broadcom AVGO.O down 4.4%.
The S&P 500 energy sector index .SPNY fell 0.25%, with oil prices continuing to decline on optimism about a U.S.-Iran peace deal, which is expected to extend a tenuous ceasefire announced in April by another 60 days and reopen the Strait of Hormuz, which Iran has effectively blocked since the U.S. and Israel attacked Iran in February.
The Dow Jones Industrial Average .DJI added 0.6% and reached a record high close.
With Tuesday's dip, the S&P 500 remains up almost 10% in 2026.
Here is the final snapshot:
(Noel Randewich)
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EARLIER ON LIVE MARKETS:
ADIDAS JERSEYS TAKE EARLY LEAD IN WORLD CUP WINS CLICK HERE
MULTIPLE MAGIC TO EARNINGS MUSCLE: THIS BULL MARKET IS EVOLVING CLICK HERE
TWO-FER TUESDAY: DATA DURING WARTIME CLICK HERE
WALL STREET MIXED AS FED DECISION, WARSH DEBUT LOOM; SPACEX SURGES CLICK HERE
MARKETS SHAKE OFF JUNE SLUMP AS NASDAQ EYES NEW HIGHS CLICK HERE
DRIFTING TOWARD AN INFLATIONARY SLOWDOWN CLICK HERE
GOLDMAN'S "POST-MODERN" MARKET BACKDROP CLICK HERE
CAN HK-LISTED CHINESE BIG TECH BOTTOM OUT? CLICK HERE
INVESTORS FINALLY CAN CATCH THEIR BREATH CLICK HERE
EUROPE BEFORE THE BELL: NUDGING HIGHER CLICK HERE
MORNING BID: JAPAN TURNS IT UP TO... 1 CLICK HERE
     

Snapshot https://fingfx.thomsonreuters.com/gfx/mkt/lgvdemrnnpo/Pasted%20image%201781640086435.png
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